Saudi Red Sea Authority Reports on Coastal Tourism Investment

The Saudi Red Sea Authority (SRSA), in collaboration with the Ministry of Investment, has released a report titled "Invest in Coastal Tourism," highlighting the significant role coastal tourism plays in achieving the goals of Saudi Vision 2030, according to a press release.

The report outlines how coastal tourism contributes to diversifying the economy, attracting investments, generating income, and creating jobs. It also emphasizes the importance of protecting marine environments to ensure the long-term sustainability of the sector for future generations.

SRSA’s goal is to develop a thriving coastal tourism industry in the Red Sea, with an aim to contribute 85 billion riyals to the GDP by 2030. The initiative also targets capturing 30% of the Kingdom’s leisure tourism market, 40% of total entertainment spending, attracting 19 million tourists, and creating over 210,000 new jobs.

To support this, SRSA is encouraging investment in maritime and navigational tourism by providing administrative, technical, and advisory assistance to investors, particularly for small and medium-sized enterprises. These efforts are part of the broader strategy to position the Red Sea as a top global destination for coastal tourism.